According to the Commodity Market Analysis System of the Business Society, the average market price on September 12th was 4700 yuan/ton, an increase of 3.30% compared to the previous working day of 4500 yuan/ton. Domestic acetic acid manufacturers have low inventory and mainly execute long-term contracts. The market supply is tight, and downstream and traders are actively taking goods. The trading atmosphere on the market is improving, and the focus of acetic acid transactions has shifted upward. The industry has a strong upward trend, with manufacturers in Shandong increasing their daily price by 100 yuan/ton.
Looking at the future market, the downstream market is currently showing good enthusiasm for entering the market, with insufficient market supply and strong supplier support. It is expected that the acetic acid market will continue to operate strongly.
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